State Street Corp Acquires 8,979 Shares of NewMarket Co. (NYSE:NEU)

State Street Corp raised its holdings in NewMarket Co. (NYSE:NEU) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 229,372 shares of the specialty chemicals company’s stock after buying an additional 8,979 shares during the quarter. State Street Corp’s holdings in NewMarket were worth $127,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEU. SG Americas Securities LLC boosted its position in shares of NewMarket by 23.5% during the 2nd quarter. SG Americas Securities LLC now owns 2,558 shares of the specialty chemicals company’s stock worth $1,319,000 after purchasing an additional 487 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in NewMarket by 17.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 850 shares of the specialty chemicals company’s stock worth $438,000 after acquiring an additional 126 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in NewMarket by 112.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the specialty chemicals company’s stock valued at $1,167,000 after acquiring an additional 1,195 shares during the period. HB Wealth Management LLC increased its holdings in shares of NewMarket by 27.4% during the second quarter. HB Wealth Management LLC now owns 39,504 shares of the specialty chemicals company’s stock valued at $20,367,000 after acquiring an additional 8,496 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of NewMarket by 35.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,239 shares of the specialty chemicals company’s stock worth $639,000 after purchasing an additional 321 shares during the period. 61.09% of the stock is currently owned by institutional investors.

NewMarket Stock Up 0.5 %

NewMarket stock opened at $541.60 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $537.02 and its two-hundred day moving average price is $540.39. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 12.03 and a beta of 0.50. NewMarket Co. has a 1-year low of $494.04 and a 1-year high of $650.00.

NewMarket (NYSE:NEU) last announced its quarterly earnings results on Wednesday, October 23rd. The specialty chemicals company reported $13.79 earnings per share for the quarter. The business had revenue of $724.95 million for the quarter. NewMarket had a net margin of 15.57% and a return on equity of 35.79%.

NewMarket Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $10.00 annualized dividend and a dividend yield of 1.85%. NewMarket’s payout ratio is 22.21%.

NewMarket Company Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.